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Schoenherr Advises TeraPlast on Wolfgang Freiler Group Acquisition

Schoenherr Advises TeraPlast on Wolfgang Freiler Group Acquisition

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Schoenherr has advised the TeraPlast Group on its acquisition of the Wolfgang Freiler Group from Austria's Uhl family.

The Romania-based TeraPlast Group is a polymer processor in South-Eastern Europe. Its member company TeraPlast SA is listed on the Bucharest Stock Exchange. The transaction included production facilities in Hungary as well as a distribution division in Hungary, the Czech Republic, Austria, Germany and France.

"The acquisition extends and complements TeraPlast Group's product portfolio, facilitating the access to new, high potential markets in Central and Western Europe," Schoenherr announced. "Polytech and Pro-Moulding, the two subsidiaries of the Wolfgang Freiler Group, carry out production activities in Hungary, while Freiler oversees the distribution activity. Polytech manufactures pipes for the protection of electrical cables and optical fibres while Pro-Moulding specialises in plastic injection."

The Schoenherr team was led by Markus Piuk and included Hungary-based Partner Kinga Hetenyi, Attorneys at Law Mark Kovacs, Adrian Menczelesz, and Aron Hegyi, and Associate Noemi Suller; Romania-based Partner Narcisa Oprea and Senior Attorney at Law Cristina Tudoras; and Austria-based Associate Alexandra Jelinek.

The firm did not respond to our inquiry on the matter.

Romanian Knowledge Partner

Țuca Zbârcea & Asociații is a full-service independent law firm, employing cross-disciplinary teams of lawyers, insolvency practitioners, tax consultants, IP counsellors, economists and staff members. It also operates a secondary law office in Cluj-Napoca (Romania), and has a ‘best-friend’ agreement with a leading law firm in the Republic of Moldova. In addition, thanks to the firm’s dedicated Foreign Desks, the team provides the full range of services to international investors seeking to gain a foothold or expand their existing operations in Romania. Since 2019, the firm and its tax arm are collaborating with Andersen Global in Romania.

Țuca Zbârcea & Asociaţii is providing legal services in every aspect of business, covering all major areas of practice: corporate and M&A; litigation and international arbitration; corporate tax; public procurement; TMT; employment; insurance; banking and finance; capital markets; competition; healthcare and pharmaceutical; energy and natural resources; environmental; intellectual property; real estate; regulatory legal services.

Țuca Zbârcea & Asociaţii is a First-Tier law firm in all international legal directories and a multiple award-winning law firm both locally and internationally. It received the CEE Deal of the Year Award (DOTY Awards 2021) and the Law Firm of the Year Award: Romania (IFLR Europe Awards 2021). 

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